From: "igxwgeekbstq@yahoo.com"
Newsgroups: misc.invest.real-estate
Subject: Charlie's Four Keys To The Promised Land Of Riches
Date: Sat, 24 Nov 2007 01:15:39 -0800 (PST)
posting-account=-rQg6AoAAADYNAjc7L7MIdrHirZdjz4y
CLR 1.1.4322),gzip(gfe),gzip(gfe)
Bytes: 3244
Through Charlie I learned methods for identifying entry and exit
signals... that 99% of other traders are completely oblivious of.
Charlie also taught me about the power of mechanical trading, which is
one of the Four Keys:
First Key - Be Emotionless
We all know how easy it is to get all worked up about losing. Well,
it's also easy to get pumped up and excited about making winning
trades. Trading fortunes are built on logic and consistency, not "gut
feelings" or "psychic impressions" which are what emotions produce.
It's a lot more fun to release all those emotions while you spend all
the money you made!
Second Key - Be Scientific
Think about each new strategy or concept as an experiment: conduct the
experiment and make a note of the results. If the results are
continually positive, keep the change.
If the results are continually negative, drop the change. Don't rush
to judgment from one outcome (it might be a fluke)... and don't keep
chasing a losing formula because it feels right.
Third Key - Be Mechanical
Your system should be exactly that: a system. When "A" happens, you do
"B" and when "C" happens, you do "D." Sure, it might not sound
exciting or dramatic but it is profitable and that's all that
matters!
Being inconsistent sinks your bank account and makes it impossible for
you to know what is working and what isn't working.
Fourth Key - Be Quiet
No, that doesn't mean you can't brag about how much money you're
making to your friends (after all, that's part of the fun!). It means
that you need to quiet your mind just like you quiet your emotions.
When you're trading you should be thinking about trading... and not
the next vacation you want to take... or the overdue bills you're
trying to make up for.
Just putting Charlie's Four Keys into action radically improved my
trading. If you get nothing else from me, please study those four
deceptively simple Keys and put them to work for you.
Write them down and tape them to your monitor if you need to.
Get a FREE Special Trading Manual:
http://blazforexsyt.blogspot.com/#
|